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Crédit Agricole S.A.
Type Société Anonyme (Euronext: ACA)
Founded May 23, 2000
Headquarters Paris, France
Key people René Carron (Chairman of the board), Jean-Paul Chifflet (CEO)
Industry Financial services
Products Banking, asset management, insurance
Revenue 31.31 billion (2009)[1]
Operating income €5.170 billion (2009)[1]
Profit €2.747 billion (2009)[1]
Employees over 160,000 (2009)[1]
Website www.credit-agricole.com

Crédit Agricole S.A. (CASA) (Euronext: ACA) is the largest retail banking group in France, second largest in Europe and the eighth largest in the world by Tier 1 capital according to The Banker magazine. It is also part of the CAC 40 stock market index.

It was the title sponsor of the Crédit Agricole professional road cycling team from 1997 to 2008.

Contents

Structure of the group

Crédit Agricole S.A. is majority owned by 39 French co-operative retail banks, Caisses Régionales de Crédit Agricole Mutuel. Its subsidiaries are:

  • Credit Agricole CIB, the investment banking division of Crédit Agricole.
  • Calyon Financial, global futures and options brokerage serving institutional investors.
  • CLSA, the Asian securities brokerage division.
  • Predica and Pacifica, the insurance divisions
  • LCL (Previously Crédit Lyonnais), the nationwide retail banking network, acquired in 2003.
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Key services

Through its subsidiaries, Crédit Agricole SA is involved in the following services:

  • French Retail Banking
  • International Retail Banking
  • Specialised Financial Services
  • Asset Management, Insurance and Private Banking
  • Corporate and Investment Banking

Market presence

The Caisses Régionales (e.g. Crédit Agricole Normandie in the Lower Normandy region) mainly focus on rural areas and less on urban ones. However, the Crédit Lyonnais subsidiary has a significant presence in the big cities; the combination gives the Crédit Agricole group a leading market share in France.

Through all of its subsidiaries, Crédit Agricole SA has in excess of 21 million clients and a presence in over 60 countries.

The current objective of the group is to develop a strong presence in various other European banking markets by acquiring stakes in local banks in other countries.[citation needed]

See also

References

  1. ^ a b c d Entire Crédit Agricole group, including regional co-operative banks. "Annual Results 2009". Crédit Agricole. http://finance.credit-agricole.com/IMG/pdf/Com_Presse_T4_09_eng.pdf. Retrieved 2010-03-13. 

External links


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